Boreal Gold Announces Gold Assays up to 81.4 g/t Au From the North Star Lake Property
Executive Summary
- Boreal Gold released gold assay results from 12 bulk‑sample pit samples, with grades ranging from 0.3 g/t to a high of 81.4 g/t Au; six samples exceeded 20.3 g/t and two exceeded 36.8 g/t.
- The assays confirm high‑grade underground vein material (average ~0.28–0.29 oz/ton) and support the company’s view that its Fay Lake acquisition is “transformational” and accretive.
- The company outlined upcoming 2026 drilling plans on North Star and Gold Rock deposits, contingent on financing and permitting, and highlighted extensive historic work and infrastructure at its properties.
Key Details
- Sample Grades (Au g/t):
- 336274 – 31.6 g/t
- 336275 – 6.1 g/t
- 336276 – 14.1 g/t
- 336277 – 81.4 g/t (highest)
- 336278 – 8.7 g/t
- 336279 – 36.8 g/t
- 336280 – 8.4 g/t
- 336281 – 0.3 g/t (lowest)
- 336282 – 7.5 g/t
- 336283 – 20.3 g/t
- 336284 – 32.0 g/t
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336285 – 33.3 g/t
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Pending Assays: Silver, copper and zinc results are pending from SRC Laboratories (ISO/IEC 17025:2017).
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Sampling Methodology: 12 samples collected at ~8 m intervals along a bulk‑sample pit (grid coordinates 49+30N to 50+30N, 50E to 50+25E; UTM U 14 400098 6077288 to 400101 6077360).
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Historical Context:
- Underground vein material from a 224 m long sill at the 100‑ft level previously averaged 0.29 oz/ton (north) and 0.27 oz/ton (south).
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Prior work includes extensive drilling, bulk sampling, metallurgical testing (85–97% gold recovery), and infrastructure development across Fay Lake, North Star, and Gold Rock properties.
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Milestones Cited:
1. Acquisition of the 2,719 ha Fay Lake Property (adjacent to Hudbay’s Vamp Lake and Minnova’s Puffy Lake).
2. Public listing on the CSE on 17 Dec 2024.
3. Securing North Star‑Gold Rock Group assets. -
Future Exploration Plans (2026):
- Winter/Spring drilling on North Star and Gold Rock deposits, subject to financing and permitting.
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Summer prospecting and detailed mapping of the ~1 km intervening zone between the two deposits to identify additional drill targets.
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Qualified Person: Stephen L. Masson, M.Sc., P.Geo., NI 43‑101 Qualified Person, supervised QA/QC and visual verification.
Notable Quotes
“These values offer significant encouragement in this property and validates why its acquisition is transformational and brings accretive value to a company that has been public for just over a year.” – Richard Masson, President & CEO
All forward‑looking statements are subject to risks and uncertainties; actual results may differ.